Cerner (CERN) Position Decreased by Deutsche Bank AG

Deutsche Bank AG trimmed its position in Cerner (NASDAQ:CERN) by 57.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 651,903 shares of the company’s stock after selling 872,410 shares during the period. Deutsche Bank AG owned about 0.20% of Cerner worth $43,927,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Virtue Capital Management LLC acquired a new position in shares of Cerner during the 4th quarter valued at about $197,000. Jefferies Group LLC acquired a new position in shares of Cerner during the 4th quarter valued at about $8,804,000. Prime Capital Investment Advisors LLC acquired a new position in shares of Cerner during the 4th quarter valued at about $1,138,000. Advisor Group Inc. increased its stake in shares of Cerner by 1.7% during the 4th quarter. Advisor Group Inc. now owns 71,675 shares of the company’s stock valued at $4,829,000 after acquiring an additional 1,220 shares during the last quarter. Finally, Dynamic Capital Management Ltd increased its stake in shares of Cerner by 966.9% during the 4th quarter. Dynamic Capital Management Ltd now owns 59,471 shares of the company’s stock valued at $4,008,000 after acquiring an additional 53,897 shares during the last quarter. Institutional investors own 78.54% of the company’s stock.

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A number of analysts recently issued reports on CERN shares. Zacks Investment Research downgraded shares of Cerner from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Cantor Fitzgerald increased their target price on shares of Cerner to $83.00 and gave the stock an “overweight” rating in a research report on Friday, January 5th. BidaskClub downgraded shares of Cerner from a “buy” rating to a “hold” rating in a research report on Friday, December 22nd. Wells Fargo set a $75.00 target price on shares of Cerner and gave the stock a “buy” rating in a research report on Saturday, March 31st. Finally, Bank of America began coverage on shares of Cerner in a research report on Tuesday, February 27th. They issued a “buy” rating and a $75.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $67.42.

CERN traded down $1.70 during trading hours on Friday, hitting $56.42. 2,983,674 shares of the stock were exchanged, compared to its average volume of 3,355,942. Cerner has a 12 month low of $55.29 and a 12 month high of $73.86. The stock has a market capitalization of $19,330.56, a PE ratio of 25.65, a price-to-earnings-growth ratio of 1.69 and a beta of 0.96. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.01 and a quick ratio of 2.99.

Cerner (NASDAQ:CERN) last posted its earnings results on Tuesday, February 6th. The company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.03). The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.33 billion. Cerner had a net margin of 16.86% and a return on equity of 16.82%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 earnings per share. research analysts anticipate that Cerner will post 2.42 earnings per share for the current fiscal year.

In other news, VP Jeffrey A. Townsend sold 230,000 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $61.94, for a total transaction of $14,246,200.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Clifford W. Illig sold 307,700 shares of the firm’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $64.52, for a total value of $19,852,804.00. Following the transaction, the insider now directly owns 1,229,719 shares in the company, valued at $79,341,469.88. The disclosure for this sale can be found here. Insiders sold 541,800 shares of company stock worth $34,353,860 over the last quarter. 13.11% of the stock is currently owned by company insiders.

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Cerner Profile

Cerner Corporation provides health care information technology solutions and services in the United States and internationally. The company offers Cerner Millennium architecture, a person-centric computing framework, which includes clinical, financial, and management information systems that allow providers to access an individual's electronic health record (EHR) at the point of care, and organizes and delivers information for physicians, nurses, laboratory technicians, pharmacists, front- and back-office professionals, and consumers.

Institutional Ownership by Quarter for Cerner (NASDAQ:CERN)

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